Absolutely agree. Thankfully we should still have a healthy bank...

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spurlo1

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18/01/17

20:13

Post #: 21983858
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Originally posted by jamieparklondon ↑

If we don't get some news soon we could be back at 6.0 cents!! Just goes to show what happens when the news flow comes to a grinding halt. Can't deny RW his well earned leave so just have to hope that when the news does start coming again the share price will respond.

My understanding is that the first of the assay results from the completed diamond drilling program should be announced later this week after RW returns to work. The company has also done some metallurgy tests on Break of Day samples so these too need to be released. As does does the results of rock chip sampling to the north of Break of Day. Then there is confirmation the company has earned its 60% interest from Silver Lake by spending $2.7 million.

In February drilling starts again at Break of Day presumably infill drilling which will last four to six weeks so an extensive program. At the end of that the company will be getting close to announcing a resource estimate.

Good things come to those who wait. Well maybe!

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Absolutely agree. Thankfully we should still have a healthy bank balance in this quarterly - approximately $4.4mil at the end of last quarter with an estimated cash outflow this quarter gone of $1.23mil, leaves us with a touch over $3mil if all has gone to plan.

Here's to some good results this week.

MGV Price at posting: 7.5¢ Sentiment: Hold Disclosure: Held
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Absolutely agree. Thankfully we should still have a healthy bank...

Top Stories

History-making uranium sample grades and an imminent drill run. Infini Resources is poised to transform in 2025

MinRes's Ellison knows he screwed up – for that reason, hunt for new Chair to be sped up

Pan Asia rebranding to 'clear confusion' after bagging $35M for Chile projects

This biotech stock raised $11M in a risk-off environment. Its Alzheimer's drug could change the game

Chaos reigns markets – so let's take stock of where we're at ahead of December